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Developer: Midtown 'Yoo' & Peachtree Project Alive, Well

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Contrary to the rumors that at least one tipster is hearing, "Yoo On The Park" is alive and well. An anonymous emailer reached out recently to claim the project by Trillist (formerly Tivoli Properties) was way in debt and had been cancelled, meaning the tower on 13th Street near Piedmont Park would be a no-go. Not so, Trillist President and CEO Scott Leventhal said Thursday. "I am unsure why there would be speculation that it has failed," Leventhal said. "In fact we are presently in for final permitting and working on closing financing." The development business is not a straightforward one sometimes, but, at this point, the 13th Street tower — billed as an "exciting residential project" with touches "that are immediately and singularly recognizable" as those of international designer Yoo — lives on.

You (no pun intended) may also recall that Tivoli/Trillist had decided to revive (for a second time) its plans for a tower up the road at 1138 Peachtree St. Leventhal said Thursday that project — a massive 51-story mixed-use development — is still in the works as well. That said, it may be a ways off. "We are only in the planning stages with the property on Peachtree Street and do not have any plans to break ground this year," Leventhal said.

Given that Tivoli proposed the monstrous (and failed) Mandarin Oriental tower, it's somewhat understandable that a tipster would see no work on one of their sites and jump to conclusions. But for now, all seems to be well in the land of Trillist.

— By Curbed Atlanta contributor Tyler Estep

· Here Now, A Glimpse Of YOO Tower Near Piedmont Park [Curbed]
· Here Now, ATL's Top 10 Towers That Never Happened [Curbed]
· Tivoli Reviving Plans for Huge Peachtree Tower (Again)? [Curbed]